Major Countries Annual Inflation Rate Ranking (2024)
In 2024, annual inflation rate among major countries was highest in Turkey at 58.51%, followed by Russia at 6.69% and India at 4.95%. The average annual inflation rate across major countries was 5.70%, the median was 2.86%, and China recorded the lowest annual inflation rate at 0.22%, according to the World Bank.
Data is available for the period 1960 to 2024 across 20 major countries.
Frequency : Yearly
| Rank | Country | Current Value ↓ | Previous Value | Year |
|---|---|---|---|---|
| 1 | 58.51% | 53.86% | 2024 | |
| 2 | 6.69% | 3.38% | 2021 | |
| 3 | 4.95% | 5.65% | 2024 | |
| 4 | 4.72% | 5.53% | 2024 | |
| 5 | 4.37% | 4.59% | 2024 | |
| 6 | 3.67% | 4.21% | 2023 | |
| 7 | 3.35% | 3.84% | 2024 | |
| 8 | 3.27% | 6.79% | 2024 | |
| 9 | 3.16% | 5.6% | 2024 | |
| 10 | 2.95% | 4.12% | 2024 | |
| 11 | 2.77% | 3.53% | 2024 | |
| 12 | 2.74% | 3.27% | 2024 | |
| 13 | 2.38% | 3.88% | 2024 | |
| 14 | 2.32% | 3.6% | 2024 | |
| 15 | 2.26% | 5.95% | 2024 | |
| 16 | 2% | 4.88% | 2024 | |
| 17 | 1.69% | 2.33% | 2024 | |
| 18 | 0.98% | 5.62% | 2024 | |
| 19 | 0.22% | 0.23% | 2024 |
Major Countries Annual Inflation Rate Ranking (2024) : Definition
Annual Inflation Rate measures the year-over-year percentage change in the Consumer Price Index for the reporting period, reflecting changes in the cost of a typical basket of consumer goods and services.